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This book chapter provides conceptual and empirical foundations for smart specialisation, a policy approach of far-reaching importance in the European context. We interpret the very notion as “diversified” specialisation into areas of existing or potential competitive advantage, which differentiates a region/nation from others. “Smart” relates to the(More)
The knowledge economy, learning and innovation have moved to the foreground both in regional and industrial policies in the past decade. Concrete policies were shaped in the past by the linear innovation model (focus on R&D and technology diffusion), and more recently, by " best practice models " of interactive innovation derived from high tech-and well(More)
The purpose of this paper is to explore conceptually the role of clusters for the economic recovery of old industrial regions. We will identify three types of cluster-based renewal, distinguishing between an innovation-oriented adjustment of mature clusters (incremental change), the emergence of new agglomerations in established industries (diversification)(More)
This paper seeks to explain what policy approaches and policy measures are best suited for promoting renewal and transformation in regional economies and what needs and possibilities there are for such policy to change and adapt to new conditions in order to remain efficient. The paper departs from the notion of Smart Specialization, which has become a(More)
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